Vestcor Inc Buys 29,776 Shares of Tyson Foods, Inc. $TSN

Vestcor Inc grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 160.1% during the 3rd quarter, Holdings Channel reports. The firm owned 48,369 shares of the company’s stock after buying an additional 29,776 shares during the period. Vestcor Inc’s holdings in Tyson Foods were worth $2,626,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Thrivent Financial for Lutherans raised its stake in Tyson Foods by 55.3% in the second quarter. Thrivent Financial for Lutherans now owns 58,694 shares of the company’s stock valued at $3,273,000 after purchasing an additional 20,888 shares in the last quarter. Markel Group Inc. raised its stake in shares of Tyson Foods by 4.0% during the third quarter. Markel Group Inc. now owns 848,500 shares of the company’s stock worth $46,074,000 after acquiring an additional 32,500 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Tyson Foods by 73.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock valued at $102,042,000 after purchasing an additional 795,710 shares in the last quarter. Liberty One Investment Management LLC grew its holdings in shares of Tyson Foods by 32.1% during the 3rd quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company’s stock valued at $6,179,000 after purchasing an additional 27,627 shares during the last quarter. Finally, Polaris Capital Management LLC lifted its stake in Tyson Foods by 20.4% in the third quarter. Polaris Capital Management LLC now owns 543,248 shares of the company’s stock worth $29,498,000 after purchasing an additional 91,900 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

TSN has been the topic of a number of recent research reports. BMO Capital Markets raised their price objective on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Argus raised Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Sanford C. Bernstein reissued a “market perform” rating and set a $69.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 3rd. Piper Sandler lifted their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $64.27.

Tyson Foods Stock Performance

TSN opened at $60.26 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. The company has a market cap of $21.22 billion, a price-to-earnings ratio of 107.61, a PEG ratio of 1.35 and a beta of 0.47. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $66.41. The company’s 50 day moving average is $62.16 and its 200 day moving average is $57.57.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). The firm had revenue of $14.31 billion for the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. Tyson Foods’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS. On average, equities research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.51 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. Tyson Foods’s payout ratio is 364.29%.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.